osoab
31st October 2011, 06:31 PM
$1 million coin minted (http://www.theage.com.au/business/1-million-coin-minted-20111027-1mm8b.html)
THE biggest, heaviest and inherently most valuable gold coin in the world has been unveiled by the Perth Mint.
Weighing 1012 kilograms, it is more than a tonne of 99.99 per cent pure gold worth more than $53.5 million.
The giant coin is 80 centimetres wide, 12 centimetres deep, took 18 months to create and features a bounding red kangaroo on one side and the Queen's motif on the other.
It is Australian legal tender and has a denomination of $1 million - well below its gold value.
Perth Mint chief executive Ed Harbuz said the coin was ''the pinnacle of ingenuity and innovation''.
''To cast and handcraft a coin of this size and weight was an incredible challenge - one which few other mints would even consider,'' he said.
Mr Harbuz said the coin was a showpiece of the Australian kangaroo gold bullion coin program, and would coincide with the release of a number of smaller gold coins this week.
The weight and purity of each issue is guaranteed by the West Australian government.
http://images.theage.com.au/2011/10/28/2735776/coin-729-2-420x0.jpg
http://images.theage.com.au/2011/10/28/2735766/coin-729-420x0.jpg
THE biggest, heaviest and inherently most valuable gold coin in the world has been unveiled by the Perth Mint.
Weighing 1012 kilograms, it is more than a tonne of 99.99 per cent pure gold worth more than $53.5 million.
The giant coin is 80 centimetres wide, 12 centimetres deep, took 18 months to create and features a bounding red kangaroo on one side and the Queen's motif on the other.
It is Australian legal tender and has a denomination of $1 million - well below its gold value.
Perth Mint chief executive Ed Harbuz said the coin was ''the pinnacle of ingenuity and innovation''.
''To cast and handcraft a coin of this size and weight was an incredible challenge - one which few other mints would even consider,'' he said.
Mr Harbuz said the coin was a showpiece of the Australian kangaroo gold bullion coin program, and would coincide with the release of a number of smaller gold coins this week.
The weight and purity of each issue is guaranteed by the West Australian government.
http://images.theage.com.au/2011/10/28/2735776/coin-729-2-420x0.jpg
http://images.theage.com.au/2011/10/28/2735766/coin-729-420x0.jpg